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president obama's meeting with congressional leaders ended about an hour ago. the president will make a statement on the fiscal cliff at 5:45 eastern time. we'll take that same live at fbn we have a picture of the white house for you and we will keep you posted when the president comes to the camera. >>> the oil boom doing more than increasing chances we'll become energy independent. it is also bringing about booming investment in the transportation industry. a new report says estimated $45 billion, you heard me correctly, $45 billion bucks will be spent new, expanded pipelines, railcars, rail terminals and that is just next year. how do you get in on this, right? it is a windfall. but is it realistic? we'll turn to andy lipow. andy i would have assumed it was shipped by pipeline. what is it about railcar? it seems awfully 19th century to ship oil that way. >> it is new development in the oil patch but if you look at oil production in north dakota, we simply don't have pipeline to move that oil east and west coast where we have significant amount of refining ca
president obama's meeting with congressional leaders ended about an hour ago. the president will make a statement on the fiscal cliff at 5:45 eastern time. we'll take that same live at fbn we have a picture of the white house for you and we will keep you posted when the president comes to the camera. >>> the oil boom doing more than increasing chances we'll become energy independent. it is also bringing about booming investment in the transportation industry. a new report says...
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president obama will be meeting with congressional leaders later today. nbc's danielle leigh joins us live with the latest on capitol hill. danielle what is the datest in terms of what we can expect in the next coming days and the likelihood that they can reach a deal? >> reporter: mara, good morning. well, this meeting that is the last meeting at the white house is going to be integral. they need to see progress in this meeting if they're going to get a deal done before midnight on monday. as you know, the senate keim back early from the christmas holiday yesterday. but they didn't seem able to compromise. they continued the bickering. the house wasn't even here. they're not even in play yet. they're not back until sunday. we need to see congressional leaders see some kind of a plan that can be voted on before that december 31st deadline. lawmakers say it's getting decreasingly unlikely that's going to happen. a deal before the new year, although they seem it's possible, many think a deal will more likely come early in the new year, mara. >> and danielle
president obama will be meeting with congressional leaders later today. nbc's danielle leigh joins us live with the latest on capitol hill. danielle what is the datest in terms of what we can expect in the next coming days and the likelihood that they can reach a deal? >> reporter: mara, good morning. well, this meeting that is the last meeting at the white house is going to be integral. they need to see progress in this meeting if they're going to get a deal done before midnight on...
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this morning he will appear on nbc's "meet the press." his first sunday talk show appearance in three years. mr. obama is expected to call on a scale back plan that would only extend middle class tax breaks and unemployment benefits if the negotiations fail. republican senator mitch mcconnell is hoping there will be a plan to present today. >>> some sad news from hollywood. harry carey jr. has died. best known for his work in westerns appeared in almost 100 films including ten with john wane. but his career wasn't limited to the silver vene. he served in the u.s. navy during world war ii. he was 91. >>> caught on tape, the terrifying moments when a russian plane hurdled past a runway and sent debris crashing on to a highway in moscow. another driver capturing the scene on his car's dashboard camera. four people onboard the russian red wings flight were killed and four others were injured. the cause of the crash is under investigation. >>> and it's not just the fiscal cliff that could impact your wallet. we'll tell you why something called
this morning he will appear on nbc's "meet the press." his first sunday talk show appearance in three years. mr. obama is expected to call on a scale back plan that would only extend middle class tax breaks and unemployment benefits if the negotiations fail. republican senator mitch mcconnell is hoping there will be a plan to present today. >>> some sad news from hollywood. harry carey jr. has died. best known for his work in westerns appeared in almost 100 films including...
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president obama will meet with congressional leaders in just a few hours from now. right now, the dow is down 72 points. the chinese government is announcing stiff new rules to use the internet. the communist country now requires users to provide their real name to service providers. it places a greater burden on web companies. fox sports media group is buying cleveland indians sports channel. it is worth -- it will give fox sports the right to broadcast indian games for ten years. it is owned by news corporation. that is the latest from the fox business network. giving you the power to prosper. ♪ david: who does not know that sweet smell of cinnabon. you follow your noses to the bakery chain nearest store every day. it is not just here in the united states. congratulations, you guys just surpassed 1000 stores. >> our locations are located in shopping and traveling venues. terms of growth in the u.s., but, todd outside as well. russia, the middle east continue to be our largest and fastest growing markets. david: i guess the middle east has a sweet tooth over ther
president obama will meet with congressional leaders in just a few hours from now. right now, the dow is down 72 points. the chinese government is announcing stiff new rules to use the internet. the communist country now requires users to provide their real name to service providers. it places a greater burden on web companies. fox sports media group is buying cleveland indians sports channel. it is worth -- it will give fox sports the right to broadcast indian games for ten years. it is owned...
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. >> now, congressman, i want to play for you -- president obama was on "meet the press" yesterday. he was asked about sort of his willingness to make a deal here. i want to talk -- let's play that clip and i want to come back and sort of talk about how he's being viewed by democrats. let's play the clip first. >> the offers that i've made to them have been so fair that a lot of democrats are getting mad at me. i mean, i offered to make some significant changes to our entitlement programs in order to reduce the deficit. >> lots of democrats have been mad at me. is that just president obama sort of being rhetorical or is there unhappiness from yourself or some of your colleagues with the possibility that we may be looking at going from $250,000 to $400,000 in terms of whose taxes will get raised and whose won't? do you feel like he's represented house democrats' interests enough? >> well, chris, as the president played out in that clip you played, he proposed a so-called grand bargain that would include up to $1.2 trillion in revenue combined with $1.2 trillion in additional cuts. an
. >> now, congressman, i want to play for you -- president obama was on "meet the press" yesterday. he was asked about sort of his willingness to make a deal here. i want to talk -- let's play that clip and i want to come back and sort of talk about how he's being viewed by democrats. let's play the clip first. >> the offers that i've made to them have been so fair that a lot of democrats are getting mad at me. i mean, i offered to make some significant changes to our...
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. >> president obama on "meet the press" over the weekend. in the wake of the newtown, connecticut school shootings. the president insisted he wants new gun control legislation passed in the next year. he put vice president biden in charge of that task force to make recommendations to him. democratic congressman john yarmouth of kentucky joins us now and he sits on the budget oversight and government reform and ethics committees. good to see you. >> good to be with you. >> what is your thought on what the president said on "meet the press?" >> i think he is absolutely right. what sets this apart, however, is that we do have presidential leadership on this issue. that is something that hasn't been there during past attempts to do something to curb gun violence. i am thrilled about that. i agree with him totally. i've said many times the public has to keep the drum beat going because unless there is a perceived cost to many of the politicians up here not much is likely to happen. we have to make sure the public is engaged and continues to be en
. >> president obama on "meet the press" over the weekend. in the wake of the newtown, connecticut school shootings. the president insisted he wants new gun control legislation passed in the next year. he put vice president biden in charge of that task force to make recommendations to him. democratic congressman john yarmouth of kentucky joins us now and he sits on the budget oversight and government reform and ethics committees. good to see you. >> good to be with you....
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obama met with top leaders from the both sides of the aisle in a rare meeting that lasted over an hour. afterward, he spoke about the importance of the deal for the u.s.'s still recovering economy. >> economists, business leaders, all think we're poised to grow in 2013. as long as politics in washington don't get in the way of america's progress. so we've got to get this done. >> senate minority leader mitch mcconnell also spoke after their meeting expressing home that the weekend would bring a deal. >> we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation i can make to my conference and the majority leader can make to his conference. and we'll be working hard to try to see if we can get there in the next 24 hours. i'm hopeful and optimistic. >> we're watching that story closely. >>> protesters demanding justice for the young woman who has died now after she was brutally beaten and gang raped on a bus in new delhi earlier this month. our cnn reporters on the ground tell us tod
obama met with top leaders from the both sides of the aisle in a rare meeting that lasted over an hour. afterward, he spoke about the importance of the deal for the u.s.'s still recovering economy. >> economists, business leaders, all think we're poised to grow in 2013. as long as politics in washington don't get in the way of america's progress. so we've got to get this done. >> senate minority leader mitch mcconnell also spoke after their meeting expressing home that the weekend...
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again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part ofhe discussion. that is significant development r house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leaders will try to secure an agreement by sunday morning. if so, democrats and republicans will try to sell its house and senate members. if they can do that the voting begins. there is some progress report this evening, though there
again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to...
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president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting in many ways a last opportunity for the president and congressional leaders to reach a deal and get something done before this year is over. if this meeting is unsuccessful it could seal this country's fate, as some developments yesterday. house members no longer on stand by. ready to come back sunday. to take a vote. when these tax cuts expire just about every worker is going to see their paycheck reduced. it's going to eliminate unemployment extensions and initiate spending cuts across the board. >> how will people see this in their paychecks and in their taxes? >> workers will feel it immediately in their paychecks. those paychecks will be reduced. those making 40,000, 50,000 are going to see 1700 less a year. it continues as the wages increase. so people are going to feel this in their pocketbooks. >> all right, danielle, thank you. >>> last night on the rachel maddow show, debbie stab nau talked about the looming fiscal cliff. >> i'm not s
president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting in many ways a last opportunity for the president and congressional leaders to reach a deal and get something done before this year is over. if this meeting is unsuccessful it could seal this country's fate, as some developments yesterday. house members no longer on stand by. ready to come back sunday. to take a vote. when these tax cuts expire just about every worker is going...
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here with president obama. that would not be good signs. >> whatever we come up with is going to be imperfect. not people aren't going to like it. some people will like it less. >> this is a total derelectino due of duty at every level. >> try and get at least a small package, at least a small deal together before the new year. >> if we don't have a deal within the next 24 hours, the question is where do you buy a pair of shoes? >> greta: senator bob corker joins us. you said it is a total dereliction of duty at every level. >> we still haven't even behe gun to deal with the issues causing the fiscal insolvent say we are facing and that is the entitlements. nothing has been discussed. it is not on o the table. we are not going to deal with it this year. it will be the issue we deal with running into the debt ceiling around mid march to the economy will continue to have a pail over it because we have not dealt with the issue that our nation needs to face up to right now. >> greta: shouldn't the american people b
here with president obama. that would not be good signs. >> whatever we come up with is going to be imperfect. not people aren't going to like it. some people will like it less. >> this is a total derelectino due of duty at every level. >> try and get at least a small package, at least a small deal together before the new year. >> if we don't have a deal within the next 24 hours, the question is where do you buy a pair of shoes? >> greta: senator bob corker joins...
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. >> at yesterday's white house meeting, president obama did not offer negotiators anything new. he just tried to sell them on the same plan he outlined last friday, being called plan c. since the president's plan a and speaker boehner's plan b both failed to gain traction. plan c would extend middle class tax rates and we're told the senate wants to tweak exactly who counts as being in the middle class. maybe even raising the income threshold and the white house is apparently willing to go as high as 4 or $500,000 a year. plan c would expand unemployment benefits for the 2 million people set to lose them at the end of this year. it would include a small amount of spending cuts but would not touch entitlements like medicare and not deal with the debt limit right now. >> i am modestly optimistic that an agreement can be achieved. nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy are aren't adversely affected because people can't do their jobs. >> and today lawmakers are in staff leve
. >> at yesterday's white house meeting, president obama did not offer negotiators anything new. he just tried to sell them on the same plan he outlined last friday, being called plan c. since the president's plan a and speaker boehner's plan b both failed to gain traction. plan c would extend middle class tax rates and we're told the senate wants to tweak exactly who counts as being in the middle class. maybe even raising the income threshold and the white house is apparently willing to...
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reluctant to embrace during his interview with nbc's david gregory on "meet the press" sunday. >> we have an armed guard. like at every school in the country, that is what the nra believes could work. >> i am not going to prejudge the recommendations given to me. i am skeptical the only answer is putting more guns in schools. >> joining us now the mayor and chief zek stiff of marlboro township in new jersey and has decided to place armed guards at his schools when they return from vacation this week. thanks for joining us. happy new year. >> so you are a democrat but you do support the idea of having more security in schools. why and what have you decided to do in your township? >> as mayor of my town i'm in charge of security. and i don't make federal policy. i don't make state policy. i'm not making a statement on the nra. we need to keep our 8,000 school children safe. with the unfortunate events that happened in newtown, connecticut the only way we could take immediate steps is put a police officer, a trained professional in our schools until we could realize what other security
reluctant to embrace during his interview with nbc's david gregory on "meet the press" sunday. >> we have an armed guard. like at every school in the country, that is what the nra believes could work. >> i am not going to prejudge the recommendations given to me. i am skeptical the only answer is putting more guns in schools. >> joining us now the mayor and chief zek stiff of marlboro township in new jersey and has decided to place armed guards at his schools when...
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rick: let's talk about what we heard from president obama on "meet the press." the notion that this was sloppiness, is that what it was? >> i don't think so at all. what troubles me is the mindset of the president that it reveals that the death of four americans is just something that with a few minor alterations you can clean up. that's what sloppiness employs that things are basically okay but a few mistakes were made by unnamed individuals. the fact is that the ideology of the administration, the world view they have is that things in libya were going fine, we were moving toward a normal status in that country and thrfort repeated requests by embassy tripoli for enhanced security were denied. and we still don't know, not from the state department's internal review panel. not from the reports that congress issues. why it was that the state department continually rejected these requests for more assistance that led to the tragedy on 9/11. it's a very disturbing statement by the president that reveals a lot more troubling aspects of the way our people overseas a
rick: let's talk about what we heard from president obama on "meet the press." the notion that this was sloppiness, is that what it was? >> i don't think so at all. what troubles me is the mindset of the president that it reveals that the death of four americans is just something that with a few minor alterations you can clean up. that's what sloppiness employs that things are basically okay but a few mistakes were made by unnamed individuals. the fact is that the ideology of...
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with that in mind, let me lay out what barack obama could propose in this meeting today if he lays something out. it would start with extending the tax cuts for those under 250, maybe 400 as some have said and up to $500,000. unemployment extenders for those on unemployment who face that being turned off at the end of the year. a medicare doc fix as they call it and a turnoff of the sequester in exchange for some larger spending cuts tpd. that is the outline of what a small deal could look like. guys, we don't have a whole lot of information on what's going to happen in that meeting. i should also mention that joe biden, the vice president, will be in there. of course, he led some of the early talks and they were all about trying to avoid this problem a year or more ago. those got nowhere. the talks over the summer got nowhere and so far the talks that are going on now have gotten nowhere as well, michelle. >> eamon, the last two things that you talked about, the doc fix for medicare, you don't cut what you pay doctors for medicare. >> that's right. >> turning off the sequester, they're talk
with that in mind, let me lay out what barack obama could propose in this meeting today if he lays something out. it would start with extending the tax cuts for those under 250, maybe 400 as some have said and up to $500,000. unemployment extenders for those on unemployment who face that being turned off at the end of the year. a medicare doc fix as they call it and a turnoff of the sequester in exchange for some larger spending cuts tpd. that is the outline of what a small deal could look...
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the vice president is scheduled to be here today for meetings. don't forget the obama administration and congress have the debt ceiling hanging over them. the u.s. set to hit the borrowing limit of over $16 trillion by the end of the year. there's a lot going on at 2012 winds down. in congress, the senate is in session, the house is not. it's the first time either chamber has been in session for business between christmas and new year's since 1970. >> trace: so they're coming back to work. the president probably wished he stayed in hawaii because not much has changed. >> both sides are waiting for the other to make the first move. senate republicans are ready to look over a plan the democrats put forth but they say there's no plan. this morning the top senate democrat, harry reid, chided the top house republican, john boehner, nor not calling the house legislators back into zes speaker boehner should call them back today. he shouldn't have let them go in fact. they're not here. they are not here. john boehner seems to care more about keeping his
the vice president is scheduled to be here today for meetings. don't forget the obama administration and congress have the debt ceiling hanging over them. the u.s. set to hit the borrowing limit of over $16 trillion by the end of the year. there's a lot going on at 2012 winds down. in congress, the senate is in session, the house is not. it's the first time either chamber has been in session for business between christmas and new year's since 1970. >> trace: so they're coming back to...
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that is not the case because president obama doesn't propose serious budgets. >> sean: senator toomey, how is this going to work because speaker boehner tried to pass a plan b. the president in the meeting today is insisting on raising taxes on small business and individuals over $250,000. but yet he wants to work through the senate. how how does this get through the house when they couldn't get it with a million dollars limit? >> well, first -- >> sean: or a million dollars cutoff. >> i don't know where the threshold might end up in the negotiations. my suspicion is that is perhaps one of the topics under discussion and second point i would make i think a part of the reticence is because they were afraid what would happen when it got over to the senate. if there is a reason package that can attract a lot of republican support in the senate then i think the prospect in the house improves dramatically. all depends on what is in the deal but that is a scenario that i think is plausible. >> sean: gentlemen, thank you both for spending time. happy new year and appreciate you being with us
that is not the case because president obama doesn't propose serious budgets. >> sean: senator toomey, how is this going to work because speaker boehner tried to pass a plan b. the president in the meeting today is insisting on raising taxes on small business and individuals over $250,000. but yet he wants to work through the senate. how how does this get through the house when they couldn't get it with a million dollars limit? >> well, first -- >> sean: or a million dollars...
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president obama says he's modestly optimistic about the prospects for a deal after meeting with top political leaders. and now it's up to the senate to come up with and agree upon a plan. senate majority leader harry reid and mitch mcconnell say they are hoping to have a plan ready for a vote when both houses reconvene on sunday. >>> in michigan, republican governor rick snyder signed a new abortion law for his state. the controversial measure requires any clinic that performs more than 120 abortions a year to become a quote licensed free standing surgical outpatient facility. it also takes steps to ensure pregnant women are not being coerced into a decision and includes rules that a physician must follow to, quote, properly and respectfully dispose of fetal remains. supporters say the bill protects the patients. critics argue it will force clinics to shut down and restrict access for women. >>> a tail of two cities as chicago's homicide rate increases topping 500 murders in the year, by the way. new york city's on pace for the lowest murder rate since 1963. that is when they began keeping re
president obama says he's modestly optimistic about the prospects for a deal after meeting with top political leaders. and now it's up to the senate to come up with and agree upon a plan. senate majority leader harry reid and mitch mcconnell say they are hoping to have a plan ready for a vote when both houses reconvene on sunday. >>> in michigan, republican governor rick snyder signed a new abortion law for his state. the controversial measure requires any clinic that performs more...
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president obama meets with the top congressional leaders. no deal can be reached impasse without their meeting. so far the fiscal talks have been when all four of these leaders have been present. >> whether he meant it or not, it seems exhaustive. >> i mean what's going on here? >> what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his efforts to avert the fiscal cliff. talks continue between senior white house and congressional staff, but that's been true throughout then tire saga. with the deadline looming there were dire predictions. >> come the first of this year, americans will have less income than they have today. >> and rekrimm nations. >> now republicans have bent over backward. we've stepped way, way out of our comfort zone. we wanted an agreement, but we had no takers. >> the senate's top democrat said it has nothing to do with phone calls but house republican obstruction. >> thehouse of representatives is operating without the house of representativ
president obama meets with the top congressional leaders. no deal can be reached impasse without their meeting. so far the fiscal talks have been when all four of these leaders have been present. >> whether he meant it or not, it seems exhaustive. >> i mean what's going on here? >> what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his efforts to avert the fiscal cliff. talks continue between...
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. >>> as we speak, congressional leaders and president obama are meeting at the white house as they work on last-minute negotiations to try to avoid the fiscal cliff. our eamon javers also reported just moments ago that treasury secretary timothy geithner is at the meeting as well. we're going to monitor that situation for you, and, of course, bring you all the latest developments on that. in the meantime, oil is up for the week, but ending on a down note today. cnbc's bertha coombs is at the center of all the action at the nymex. >> reporter: we're seeing oil back fractionally positive at this hour with thoseeadl crossing, but overall it was a somewhat down day after we got a disappointing report from the eia inventories delayed because of the christmas holiday. it was a smaller than expected drawdown in crude stocks, and also notable. we saw a $2 million barrel build when it came to crude stocks at the nymex hub in oklahoma. now at a record 49 million barrels to end the year. ironically we do have wti nymex up for the week, and it's actually been up for the last three weeks. part of th
. >>> as we speak, congressional leaders and president obama are meeting at the white house as they work on last-minute negotiations to try to avoid the fiscal cliff. our eamon javers also reported just moments ago that treasury secretary timothy geithner is at the meeting as well. we're going to monitor that situation for you, and, of course, bring you all the latest developments on that. in the meantime, oil is up for the week, but ending on a down note today. cnbc's bertha coombs is...
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president obama says 250,000, maybe i think 350,000 is the line. maybe someone else, 500,000, maybe someone else, 150. we can meet somewhere. >> that threshold is a big issue, how high do you extend the tax cuts. tom harkin says they offered keeping it 460,000 for couples. >>> we have watched the timetable kind of slide forward and backward today. a 1:00 deadline, three 3:00, then 6:30 and then 4:00. are you hearing anything about a timeline tonight? >> hearing the senate majority leader talking about tomorrow's schedule, coming back at 11:00 a.m., that seems to be punting into tomorrow and certainly things can move quickly when there's a deal but the question is, will there be a deal. >> mike emanuel, we'll bring you back as news warrants. >>> we want to go to the white house where president obama is keeping a eye on capitol hill. the president making his case and pressing lawmakers to reach a deal. when asked about the fiscal cliff in an interview today. ed henry is live from the white house. the president seemed to be aggressively pushing his me
president obama says 250,000, maybe i think 350,000 is the line. maybe someone else, 500,000, maybe someone else, 150. we can meet somewhere. >> that threshold is a big issue, how high do you extend the tax cuts. tom harkin says they offered keeping it 460,000 for couples. >>> we have watched the timetable kind of slide forward and backward today. a 1:00 deadline, three 3:00, then 6:30 and then 4:00. are you hearing anything about a timeline tonight? >> hearing the senate...
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and while manufacturers in retail stores meet work hard to meet the demand, president obama is stepping up his campaign for new gun regulation and making it a top priority in 2013. brianna keilar is at the white house. what do you think new gun control regulation is going to be an uphill battle for the president? >> reporter: that's the thought. president obama addressed this. he admitted this is something that's difficult and has been historically to get through congress because there are a number of democrats as well as republicans who support gun rights. but he said for him at least he felt like what happened in newtown was different in that it changes things. he also said the day of the shooting in connecticut that it was the worst day of his presidency. he said that something fundamental has to change in america. here's what else he said on "meet the press." >> i'm going to be putting forward a package and i'm going to be making an argument to the american people about why this is important and why we have to do everything we can to make sure that something like what happened at sa
and while manufacturers in retail stores meet work hard to meet the demand, president obama is stepping up his campaign for new gun regulation and making it a top priority in 2013. brianna keilar is at the white house. what do you think new gun control regulation is going to be an uphill battle for the president? >> reporter: that's the thought. president obama addressed this. he admitted this is something that's difficult and has been historically to get through congress because there...
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12/12
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president obama in that meeting apparently told them try and work something out. and reid left and made a statement last night, as did mcconnell, that they're going to try and work something out. the best-case scenario is that sometime tomorrow they are able to put it to the senate and then it quos to the house, and then there's a real bill that sounds like a compromise. it's not the grand bargain we were all looking for. it will be some kind of deal to stop going over the cliff. option two is what we're talking about here, that those two can't get a deal and they put something forward and everybody in the senate and subsequently hopefully in the house gets to say yea or no to it. you're on the record. if you go over the cliff, everybody know where is you stood in trying to prevent that from happening. >> do you think the average american, all of us, makes heads or tails -- >> no. >> -- out of what this impact will be on our wallets? >> no. first of all, it's stupid. it's stupid that we're here. there's been nothing that has happened economically that we've been a
president obama in that meeting apparently told them try and work something out. and reid left and made a statement last night, as did mcconnell, that they're going to try and work something out. the best-case scenario is that sometime tomorrow they are able to put it to the senate and then it quos to the house, and then there's a real bill that sounds like a compromise. it's not the grand bargain we were all looking for. it will be some kind of deal to stop going over the cliff. option two is...
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Dec 29, 2012
12/12
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because we're not going to come together ideologically at that meeting. >> no. and they're not unrealistic about that. the president lays out what he thinks he can get done, which is this 250 and, you know, whether there's wiggle room up to 400 and now that might not even happen, maybe, is what kevin is saying. and then unemployment benefits, an extension of that, and, you know, patch the amt. these are things he wants. and, you know, senator mcconnell, what can you do is, you know, the understanding of how this plays out. and senator mcconnell -- you know, they say, listen, we're going to take it up between us. let senators reid and mcconnell really resolve this together. and those are, as i said, two men who know how to work things out. speaker boehner stepping out of it at this point because he has not been able to produce a deal to date and it's not on his shoulders. and nancy pelosi is the one who's going to have to car ray lot of this weight if it gets anywhere in the house because she'll have to deliver a lot of votes. the president not at his maximum fru
because we're not going to come together ideologically at that meeting. >> no. and they're not unrealistic about that. the president lays out what he thinks he can get done, which is this 250 and, you know, whether there's wiggle room up to 400 and now that might not even happen, maybe, is what kevin is saying. and then unemployment benefits, an extension of that, and, you know, patch the amt. these are things he wants. and, you know, senator mcconnell, what can you do is, you know, the...
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Dec 28, 2012
12/12
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. >>> reporter: in what's seen as a last-minute attempt to reach a deal, president obama meets at the white house with senate majority leader harry reid, house minority leader nancy pelosi, senate minority leader mitch mcconnell and house speaker john boehner. they have only four days to reach an agreement or the u.s. economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at wah he proposes but the truth is we are coming up against a hard deadline and as i said this is a conversation we should have had months ago. >> reporter: democrats want to extend the bush-era tax cuts to everyone except those americans making $250,000 or more a year. many republicans are again
. >>> reporter: in what's seen as a last-minute attempt to reach a deal, president obama meets at the white house with senate majority leader harry reid, house minority leader nancy pelosi, senate minority leader mitch mcconnell and house speaker john boehner. they have only four days to reach an agreement or the u.s. economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because...
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Jan 1, 2013
01/13
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WMAR
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vice presidentbiden went to the hill earlier in the day to meet. >> earlier president obama had harsh words. >> if they think i will finish the job in spebding cuts -- spending cuts alone they've got another thing coming. >> the deal will increase estate tax and bring back clinton era tax cuts. fromhouse holds earning 250 thousand dollars a year reportedly to those making 4 hundred and 50 thousand dollars. frustratedrepublicans say while the deal will probably pass, it's not ideal. >> i personally don't like it because i think we're kicking the can down the road and not addressing the real crisis in the country which was not the fiscal cliff, it's a debts crisis. >> the spending cuts that were a sticking point are now postponed for two months at least. >> much more to come on this. stay with abc2 news for late breaking details out of washington. when we're not on the air you can get updates on abc2news.com. you can also find a guide on what the deal could mean for your wallet. if youhaven't checked your tax standing with the homestead tax credit, you better do it, today is the last da
vice presidentbiden went to the hill earlier in the day to meet. >> earlier president obama had harsh words. >> if they think i will finish the job in spebding cuts -- spending cuts alone they've got another thing coming. >> the deal will increase estate tax and bring back clinton era tax cuts. fromhouse holds earning 250 thousand dollars a year reportedly to those making 4 hundred and 50 thousand dollars. frustratedrepublicans say while the deal will probably pass, it's not...
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Dec 31, 2012
12/12
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." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >> "regardless of partisan differences, our top sure that taxes on middle that would hurt our economy badly." >> reporter: a major sticking point continues to be the annual income level at which those tax increases should kick in. the threshold has wavered from 250-thousand dollars to as high as one-million dollars. republicans argue the country doesn't have a tax revenue problem, it has a spending problem. >> "unless we do something about spending, the government will continue to get bigger and the deficit will continue to get bigger." >> reporter: following the president's interview, speaker of the statement saying in part: "republicans made every effort to reach the 'balanced' deficit agreement that the president promised the american people.we've been reasonable and responsible. the president is the one who has never been able to get to 'yes.'" >> "what i ran on, and what the american people elected me to do, was to put
." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >> "regardless of partisan differences, our top sure that taxes on middle that would hurt our economy badly." >> reporter: a major sticking point continues to be the annual income level at which those tax increases should kick in. the threshold has wavered from 250-thousand dollars to as high as...
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Dec 31, 2012
12/12
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president obama made an appearance, on n-b-c's meet the press. "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." democrats want to keep the bush-era tax cuts for everyone, except the wealthiest americans. just how wealthy?..is a major sticking point... with negotiations now focused on an income threshold around 400-to-500 thousand dollars. *republicans argue the problem isn't tax revenue...but spending. they want reforms to entitlements. but a proposal to change the way social security benefits are measured against inflation was pulled from the table. vice president joe biden -- talked to minority leader mitch mcconnell several times today...in an effort to break the stalemate. hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopefully get a breakthrough and something we can vote on. i hope by the end of day tomorrow night, we can celebrate the end of this year and the beginning of a
president obama made an appearance, on n-b-c's meet the press. "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." democrats want to keep the bush-era tax cuts for everyone, except the wealthiest americans. just how wealthy?..is a major sticking point... with negotiations now focused on an income threshold around 400-to-500 thousand dollars. *republicans argue the problem...
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Dec 28, 2012
12/12
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president obama meeting with congressional leaders. that's going to happen this afternoon. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >>> we are just four days away from the tax increases and the automatic spending cuts that are going to affect everybody's finances. the president has now called for congressional leaders to come to the white house in search of a last-minute deal to avoid the so-called fiscal cliff, right? the president and the vice president, they're going to meet with house speaker john boehner, minority leader nancy pelosi, senate majority harry reid and minority leader mitch mcconnell. that is happening this afternoon. jessica yellin is there. jess, what do
president obama meeting with congressional leaders. that's going to happen this afternoon. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any...
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Dec 31, 2012
12/12
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FOXNEWSW
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i want to ask but this, second term, because president obama yesterday on "meet the press" was asked about this question, what does he think his top priority is for his second term? and he said immigration reform is his top priority. listen. >> so what is your single priority of the second term? what is the equivalent to health care? >> well, there are a couple of things that we need to get done. i've said that fixing our broken immigration system is a top priority. i will introduce legislation in the first year to get that done. i think we have talked about it long enough. >> clayton: obviously a huge thing that needs to get done. should that be his top priority? what about jobs. >> juliet: a top priority. >> he didn't really say that. he said it was a priority. >> clayton: he said that before he got elected the first time. >> right. and it is a top priority. and the republicans ought to take the lead. they have to get smart. they can not have what happened to them with immigration and other issues sabotage their elections. you look at what's going on and frankly, the republicans sh
i want to ask but this, second term, because president obama yesterday on "meet the press" was asked about this question, what does he think his top priority is for his second term? and he said immigration reform is his top priority. listen. >> so what is your single priority of the second term? what is the equivalent to health care? >> well, there are a couple of things that we need to get done. i've said that fixing our broken immigration system is a top priority. i will...
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Dec 31, 2012
12/12
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wants us to go over the fiscal cliff. >> reporter: on "meet the press," president obama blamed republicans. >> they say their biggest priority is dealing with the deficit, but the way they're behaving is their only priority is making sure taxes don't go up on the rich. >> reporter: the senate minority leader says -- >> i'm willing to get this done. but i need a dance partner. >> reporter: enter vice president joe biden, called by mcconnell. can the senate veteran help congress stumble to a deal on the last day? if not, and we do go off the cliff, congress could be more likely to make a deal and quickly, because then lawmakers could claim they voted to cut middle class taxes. i'm steve handlesman, news4, capitol hill. >> if nothing else, it looks like there will be a deal to keep the price of milk from skyrocketing. leaders have agreed to a one-year ex-tense of the 2008 farm bill that expired in october. the deal will avert a spike in milk prices to as much as $8 a gallon. but it has to come to a vote in the house and senate tomorrow. a new report tonight further criticizes the state depart
wants us to go over the fiscal cliff. >> reporter: on "meet the press," president obama blamed republicans. >> they say their biggest priority is dealing with the deficit, but the way they're behaving is their only priority is making sure taxes don't go up on the rich. >> reporter: the senate minority leader says -- >> i'm willing to get this done. but i need a dance partner. >> reporter: enter vice president joe biden, called by mcconnell. can the senate...
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Dec 24, 2012
12/12
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president obama and lawmakers are on vacation. congress is not expected to meet again until after christmas. >> i guess we can call in another sign of the times. newsweek will become a digital- only publication in the new year. >> a sad moment. this is its last ever print issue. its features a photograph of the old newsweek offices in new york. the headline reads "last british." the-- "last print edissue." >> a few sloppy snowflakes today, mixed with rain, no accumulation expected. >> will that hold you over? >> no. i am still wishing for snowfall. teachers do as well. a light wintry mix today, not a big deal. nothing to get excited about. why snow excitement factor, 1 out of 10. next weekend we have the potential for little snowfall. let's talk about what's happening right now. areas of rain tracking into southwestern virginia, western north carolina tennessee valley. that will slowly push our way. by lunchtime is when we will see the first areas of a light wintry mix across the washington area. late morning is when it starts sou
president obama and lawmakers are on vacation. congress is not expected to meet again until after christmas. >> i guess we can call in another sign of the times. newsweek will become a digital- only publication in the new year. >> a sad moment. this is its last ever print issue. its features a photograph of the old newsweek offices in new york. the headline reads "last british." the-- "last print edissue." >> a few sloppy snowflakes today, mixed with rain,...
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Dec 28, 2012
12/12
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she just got off the phone with the white house where president obama is going to meet with congressional leaders today. >> yeah there are new reports this hour that president obama will have a scaled back offer at that meeting in a few hours but i did just get off the phone with the white house and they tell me there is no new information to report right now harry reid and mitch mcdonnell and nancy will be at that meeting. this could be the last chance to find terms they can all agree to and take back to their respective parties. the president and senate got back to work yesterday. the house got the call to return sunday night. >> the senate minority leader says he is willing to work with the president but is upset lawmakers waited this long i'm frustrated because we have been asking them to work with us on a agreement for months. literally for months. >> a vote has to be taken by monday or automatic income tax increases and government spending cuts will kick in on tuesday. >>> american families will no longer be allowed to adopt russian children. this morning the president signed a bill
she just got off the phone with the white house where president obama is going to meet with congressional leaders today. >> yeah there are new reports this hour that president obama will have a scaled back offer at that meeting in a few hours but i did just get off the phone with the white house and they tell me there is no new information to report right now harry reid and mitch mcdonnell and nancy will be at that meeting. this could be the last chance to find terms they can all agree to...
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Dec 30, 2012
12/12
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president obama was on "meet the press" today andy said the pressure is on congress. on friday, he was optimistic after meeting with congressional leaders, but if they cannot come up to an agreement he wants the senate to put in a bill. live coverage bomb the -- of the senate on c-span 2. returning at 2:00 p.m. eastern in the house with boats as early as 6:30 p.m. -- votes as early as 6:30. you can watch a live house coverage iran c-span. more on the fiscal cliff from this morning's "washington journal." host: our topic is the fiscal cliff. of we have done for last several sundays, we welcome the policy director for the concord coalition and a columnist for roll call newspaper. thank you for coming back. stan, as we stand on the edge of the fiscal cliff, is there any chance we do not go over? guest: we are relying on a senate that has been dysfunctional and avoided a filibuster when it will be really easy for one or more senators who do not like tax increases to just filibuster round and we are relying on a house that could not take the lead. it's important to state t
president obama was on "meet the press" today andy said the pressure is on congress. on friday, he was optimistic after meeting with congressional leaders, but if they cannot come up to an agreement he wants the senate to put in a bill. live coverage bomb the -- of the senate on c-span 2. returning at 2:00 p.m. eastern in the house with boats as early as 6:30 p.m. -- votes as early as 6:30. you can watch a live house coverage iran c-span. more on the fiscal cliff from this morning's...
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Dec 31, 2012
12/12
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sunday in an interview with david gregory on "meet the press." nbc news white house correspondent kristin welker has details. >> reporter: on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income, and the whole economy could slow down at a time when the economy's actually starting to pick up. >> reporter: he again called on lawmakers to strike a deal or hold a vote on his plan which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overliove overriding theme. >> reporter: after the interview, republicans accused the president of assigning blame instead of leading. >> when they say leadership falls on you, mr. president, you don't have a role in breaking this impact? you've had a tough go with congre
sunday in an interview with david gregory on "meet the press." nbc news white house correspondent kristin welker has details. >> reporter: on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income, and the whole economy could slow down at a time when the economy's actually starting to pick up. >>...
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Dec 31, 2012
12/12
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--vo-- sunday the president made an appearance on meet the prrss 3 calling for a mini deaa if congrrss can't agree on a broader deal bb midnighh.. --sot: president brack obama, source: nbc (pre-fonttd)-- let's at inimum make sure that peeple's taxes don't go don't loseetheir unemmloyment - innurance --rene oo camera-- january first -- hikes and 1) at this late stage of the game what is theesticking point? what is keeping both sides from a deal? 2) with soolittle time left are any laamaaers exprrssing actually get this done in time? coming uppin ourrhometown hotsp. hotspot... the ecret iigredients... to curing thoss post-party ppins.where you can go....for a new year'' day brunch.yyu're watching fox 45 morning news.. all local.. all morning. ((break 7)) -3 3 if you don't ave plans to ring in the new year yet... wee have great oppion for you. in lassvegas and you can see it all right here on fox45. candace isshhrr with the detailscandace- it's caaled be hhll at the mandalayybayy resort and caainocarren electra and lifehouse will perform.and it was just announced that yoo will also hear a
--vo-- sunday the president made an appearance on meet the prrss 3 calling for a mini deaa if congrrss can't agree on a broader deal bb midnighh.. --sot: president brack obama, source: nbc (pre-fonttd)-- let's at inimum make sure that peeple's taxes don't go don't loseetheir unemmloyment - innurance --rene oo camera-- january first -- hikes and 1) at this late stage of the game what is theesticking point? what is keeping both sides from a deal? 2) with soolittle time left are any laamaaers...
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Dec 31, 2012
12/12
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we have details. >> reporter: on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act then everybody's taxes go up, and for the average family that could mean a loss of $2,000 in income and the whole economy could slow down at a time when the economy is starting to pick up. >> reporter: he again called on lawmakers to strike a deal or hold a vote on his plan which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they are behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overriding unifying theme. >> reporter: after the interview republican leaders accused the president of assigning blame instead of leading. >> so when they say leadership falls on you mr. president you don't have a role here in breaking this impasse? you've had a tough go with congress. >> if folks can't say yes to good offers, then i also have an obligation to the american people to make sure that the entire burden of deficit reduct
we have details. >> reporter: on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act then everybody's taxes go up, and for the average family that could mean a loss of $2,000 in income and the whole economy could slow down at a time when the economy is starting to pick up. >> reporter: he again called on lawmakers to strike a deal or hold a vote on his plan which would raise tax rates on wealthy americans,...
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Dec 28, 2012
12/12
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betweenn resident obama ad &ptop coonressional leaders. leaders.they've got just 4 days left to reach an aageement... before the u-s economy goes over the poocclled "fiscal cliff." that's when automatic taxx increases and spending cuts would take effect. democrats wann to extend the bush-era tax cuts to everyone except ttose americans making 250- thousand dollars or more a year. but many republicans remain gginst any tax increases. if lawmakers don't peach a deal by january 1st... it could eventually lead to another recession. with all eyes on thh fiscal cliff... there's anothee deadline quickly approochinn that might have consumers concerned... the "milk cliff." it's part offa stalled farm bill... that includes nearlyy35-billioo- dollars in cuts. f the bill doesn't make it throuuh congress before the end of the year... the government will be forced tt buu vast quuntities of milk under a trummnnera law. that could send as 6 to 8 dollars ggllon... because the government would the wholeeale rate... under a pre-filed bill in the general assem
betweenn resident obama ad &ptop coonressional leaders. leaders.they've got just 4 days left to reach an aageement... before the u-s economy goes over the poocclled "fiscal cliff." that's when automatic taxx increases and spending cuts would take effect. democrats wann to extend the bush-era tax cuts to everyone except ttose americans making 250- thousand dollars or more a year. but many republicans remain gginst any tax increases. if lawmakers don't peach a deal by january 1st......
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Dec 29, 2012
12/12
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go up and meet the swing states, go to their afrsoffices, ask fo their vets. susan collins, mark warner on the democratic side. those are the folks that will provide the centrist core that we need to have a governing coalition in this country so we can move forward. >> let's talk about how consumers will be affect the here. the federal reserve is currently keeping rates at historic lows trying to encourage boroughing's if we go over the cliff, right now banks are hardly lending as much it's a they really should be. what epps can lse can be done t banks to loan, especially if we do go over the cliff? >> you make deposits, make loans. into a certain economy, at low rates, that's a challenges thing. it does make you risk. i think you know -- i actually think letting rates bump up a little bit. let the market determine, and i think the market would put the rates up a little bit, it could actually help lending. it's counter intuitive, and i think more borrowers will come in if they thought rates would go up. i don't think it's well-intentioned but i think it's hurt
go up and meet the swing states, go to their afrsoffices, ask fo their vets. susan collins, mark warner on the democratic side. those are the folks that will provide the centrist core that we need to have a governing coalition in this country so we can move forward. >> let's talk about how consumers will be affect the here. the federal reserve is currently keeping rates at historic lows trying to encourage boroughing's if we go over the cliff, right now banks are hardly lending as much...
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Dec 31, 2012
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house republicans have ended their meetings for the night. we'll find out tomorrow whether they've made any progress in their talks. any deal would have to get enough votes to pass the senate and the house. president obama says sandy hook school shooting was the worst day of his presidency. americans will have to explore their own feelings when his gun law reform proposals come out next year. >> the question then becomes, whether people are actually shook up enough by what happened here, that it does not become another one of these routine episodes where it gets a lot of attention for a couple weeks and then it drifts away. it certainly won't feel like that to me. >> the president says the law he's pushing will address assault style rifles, high capacity magazines and background checks. >>> the fiscal cliff, it's not the only deadline pressing on congress. a five-year farm subsidies bill that expired in september was never renewed. house and senate members did come up with a short term extension to prevent prices from going through the roof i
house republicans have ended their meetings for the night. we'll find out tomorrow whether they've made any progress in their talks. any deal would have to get enough votes to pass the senate and the house. president obama says sandy hook school shooting was the worst day of his presidency. americans will have to explore their own feelings when his gun law reform proposals come out next year. >> the question then becomes, whether people are actually shook up enough by what happened here,...
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Dec 28, 2012
12/12
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president obama has scheduled a meeting in the oval office with vice president biden by his side. he's hosting all the major players. the chances of success, depends on who you talk to. >> getting more optimistic. sometimes it's darkest before the dawn. >> this afternoons meetings feels much like optics. >> there are some signs of possible flexibility, but first of all it would be helpful if the house of representatives actually came back. right now we're at a stalemate, because the democrats haven't been willing to consider the issue of spending. >> i want to bring in perry bacon and it edward keith. most of that was just from today. is this meeting to hash out details or perhaps to save face bhf we go over the cliff? >> i would argue today's meeting is they actually thing the outlines of a deal are possible. the president will push today for some agreement in which the middle-class tax cuts are extended for everyone, while the higher rates go up, we also put off the rest of the details for later. the president is pushing for something. that said the optics are important because
president obama has scheduled a meeting in the oval office with vice president biden by his side. he's hosting all the major players. the chances of success, depends on who you talk to. >> getting more optimistic. sometimes it's darkest before the dawn. >> this afternoons meetings feels much like optics. >> there are some signs of possible flexibility, but first of all it would be helpful if the house of representatives actually came back. right now we're at a stalemate,...
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Dec 28, 2012
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with historians that president obama held in the white house. >> guest: very interesting meeting. it took place when he was in office only five months. and he invited nine liberal historians to have dinner with him in the family quarters. no conservative historians were invited. and during that dinner he laid out for them early, early, early in his term in office his view of what he would accomplish. and basically, what he said is he wants to be a transformational president who would bring social equality, greater social equality to the united states by spreading the wealth around, that he believed in a more corporatist system of economy meaning that big government, big corporations and big unions would decide who's going to win and who's not going to win, and that he would take a less aggressive role abroad in what we now call lead from behind. a lot of these historians wondered how he was going to accomplish so much when he had two wars going on at that time in iraq and afghanistan, and even lyndon johnson couldn't get a lot of his domestic stuff passed when he had two wars goin
with historians that president obama held in the white house. >> guest: very interesting meeting. it took place when he was in office only five months. and he invited nine liberal historians to have dinner with him in the family quarters. no conservative historians were invited. and during that dinner he laid out for them early, early, early in his term in office his view of what he would accomplish. and basically, what he said is he wants to be a transformational president who would...
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Dec 31, 2012
12/12
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on meet the press, president obama called on lawmakers to reach an agreement. if no deal is made, it would be the large of the tax hike since world war ii. >>> secretary of state hillary clinton remains in a new york city hospital this morning after doctors discovered a blood clot stemming from a concussion she had earlier this month. now, a spokesperson for clinton says she is being treated with medication and will most likely stay in the hospital for the next 48 hours. the clot was discovered yesterday during a follow-up appointment. >>> same-sex couples in maryland will be able to marry tomorrow on new year's day. state lawyers said because january 1st is a holiday and because there is a two-day wait period for licenses to take effect, they could not marry until january 4th. the state's attorney general now says all of the licenses will take effect tomorrow. >>> 2012 was another tough year for the economy. >> so it is no surprise that lottery sales were up. fox's claudia cowan has a look for us. >> are you going to walk away with it? let's find out u. >> rep
on meet the press, president obama called on lawmakers to reach an agreement. if no deal is made, it would be the large of the tax hike since world war ii. >>> secretary of state hillary clinton remains in a new york city hospital this morning after doctors discovered a blood clot stemming from a concussion she had earlier this month. now, a spokesperson for clinton says she is being treated with medication and will most likely stay in the hospital for the next 48 hours. the clot was...
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477
Dec 31, 2012
12/12
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FOXNEWSW
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sticking with this topic we are hearing from president obama today. >> speaking with meet the press the president discussed what would happen if the country did go over the fiscal cliff and the i am fact it could have on the economy and the stock market. >>> well, it's hard to speculate on the markets. obviously business and investors are going to feel negative about the economy. if you look at the projections of 2013 people felt the economy would continue to grow unemployment would continue to tick down housing would continue to improve but what has been holding us back is the dysfunction in washington. if people start seeing that on january 1st this problem still hasn't been solved we haven't seen the kind of self sit reduction we could have had had the republicans been willing to take the deal that i gave them if they say that people's taxes have gone up which means con souler spending is going to be depressed then obviously that's going to have an adverse reaction on the markets. >> the markets will be opening 90 minutes before negotiations are set to resume. we will have a live pre
sticking with this topic we are hearing from president obama today. >> speaking with meet the press the president discussed what would happen if the country did go over the fiscal cliff and the i am fact it could have on the economy and the stock market. >>> well, it's hard to speculate on the markets. obviously business and investors are going to feel negative about the economy. if you look at the projections of 2013 people felt the economy would continue to grow unemployment...
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Dec 31, 2012
12/12
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KRON
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." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >>> "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." >> reporter: a major sticking point continues to be the annual income level at which those tax increases should kick in. the threshold has wavered from 250-thousand dollars to as high as one-million dollars. republicans argue the country doesn't have a tax revenue problem, it has a spending problem. "unless we do something about spending, the government will continue to get bigger and the deficit will continue to get bigger." >> reporter: following the president's interview, speaker of the house john boehner issued a statement saying in part: "republicans made every effort to reach the 'balanced' deficit agreement that the president promised the american people.we've been reasonable and responsible. the president is the one who has never been able to get to 'yes
." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >>> "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." >> reporter: a major sticking point continues to be the annual income level at which those tax increases should kick in. the...
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Dec 31, 2012
12/12
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WTTG
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on nbc's meet the press, president obama said the trahook should be a wake up call. >> the question then becomes whether we are actually shook up enough by what happened here. that it does not just become one of these routine episodes where it gets a lot of attention for a couple weeks and drifts away. certainly won't feel like that to me. this is something that that was the worst day of my presidency. and it's not something i want to see repeated. >> the president created a task force to come up with recommendations on how to reduce america's gun violence. >> all right. tucker is back now to talk about our cold weather. >> yeah. it got cold overnight overnight. at least the winds have let up. yesterday a very blustery day. nobody notices. they were too busy watching football. today the winds out of here. clouds moving in from the west. not going to be a perfect day. should be dry. most importantly dry this afternoon and tonight if you are going out. this time a day we like to go around the rest of the country. the travel spots will be in the central sections of the country. 38 in washin
on nbc's meet the press, president obama said the trahook should be a wake up call. >> the question then becomes whether we are actually shook up enough by what happened here. that it does not just become one of these routine episodes where it gets a lot of attention for a couple weeks and drifts away. certainly won't feel like that to me. this is something that that was the worst day of my presidency. and it's not something i want to see repeated. >> the president created a task...
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Dec 28, 2012
12/12
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KPIX
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. >> president obama meets later today with congressional leaders in one last effort to make a deal before the deadline. major garrett is at the white house. good morning. >> reporter: good morning, rebecca and jeff. in just a couple of hours at the white house the president meets with all the key congressional leaders, top democrats harry reid and nancy pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the meeting comes a glimmer of hope. in the past all the ifisical cliff talks meetings like this have been the least productive of all. whether he meant to or not the senate majority leader may have spoken for a nation exhausted by seemingly endless fiscal cliff negotiations. >> what's going on here? >> reporter: what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his efforts to avert the fiscal cliff, talks continue between senior white house and congressional staff, but that's been true throughout this entire saga. with the deadline loo
. >> president obama meets later today with congressional leaders in one last effort to make a deal before the deadline. major garrett is at the white house. good morning. >> reporter: good morning, rebecca and jeff. in just a couple of hours at the white house the president meets with all the key congressional leaders, top democrats harry reid and nancy pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the...